Murphy Oil Corporation (NYSE:MUR) VP Allan J. Misner sold 3,795 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $26.05, for a total value of $98,859.75. Following the completion of the transaction, the vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,605. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Murphy Oil Corporation (NYSE:MUR) traded down 2.12% during trading on Monday, hitting $25.87. The company had a trading volume of 2,358,367 shares. Murphy Oil Corporation has a 52-week low of $23.61 and a 52-week high of $35.19. The firm’s market capitalization is $4.46 billion. The stock’s 50-day moving average is $25.29 and its 200 day moving average is $26.90.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. The firm had revenue of $474.50 million during the quarter, compared to the consensus estimate of $495.03 million. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. During the same quarter last year, the firm earned ($0.36) earnings per share. Equities research analysts predict that Murphy Oil Corporation will post ($0.36) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.87%. Murphy Oil Corporation’s payout ratio is currently -454.55%.

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Several equities analysts have recently issued reports on the company. Simmons boosted their price objective on Murphy Oil Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, April 19th. BidaskClub raised Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Royal Bank Of Canada set a $32.00 price objective on Murphy Oil Corporation and gave the company a “hold” rating in a report on Tuesday, April 25th. Finally, Barclays PLC reissued an “overweight” rating and issued a $38.00 price objective (down previously from $42.00) on shares of Murphy Oil Corporation in a report on Friday, April 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.50.

A number of large investors have recently made changes to their positions in MUR. Ameritas Investment Partners Inc. purchased a new stake in shares of Murphy Oil Corporation during the first quarter worth approximately $111,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Murphy Oil Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 178 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Murphy Oil Corporation by 24.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock worth $125,000 after buying an additional 960 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of Murphy Oil Corporation during the first quarter worth approximately $208,000. Finally, ING Groep NV increased its stake in shares of Murphy Oil Corporation by 0.5% in the second quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock worth $213,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 96.16% of the company’s stock.

Murphy Oil Corporation Company Profile

Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

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